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Sky Bay Hotel
Business Bay The First GroupDLD project 1909
Towers along the Dubai Water Canal in Business Bay, Dubai. Area photo, not this projectPhoto: Sergei Gussev, Wikimedia Commons, CC BY 2.0, resized and cropped
The short answer
Sky Bay Hotel is listed as finished on the DLD register.
DLD registerSourceDLD project registerFigureas the register lists itDatasales to 5 Oct 2026 · DLD register read 13 Oct 2026How it is worked out
Finished
project 1909
Sales since Jan 2019SourceDLD registered salesWindowJan 2019–5 Oct 2026Based on512 salesFigurecount of registered sales of every typeDatasales to 5 Oct 2026How it is worked out
512
registered with DLD, all types
Home salesSourceDLD registered salesWindowOct 2025–Sep 2026Based on0 salesFigureflats and villas, no data-quality flagDatasales to 5 Oct 2026How it is worked out
0
Oct 2025–Sep 2026
Median home priceSourceDLD registered salesWindowOct 2025–Sep 2026Based on0 salesFiguremedian of registered home sales, not an asking priceDatasales to 5 Oct 2026Fewer than 5 sales: no median shownHow it is worked out
—
0 home sales, Oct 2025–Sep 2026
Sales, 12 monthsSourceDLD registered salesWindowOct 2025–Sep 2026Based on74 salesFigureregistered sales of every property typeDatasales to 5 Oct 2026How it is worked out
74
+14% on Oct 2024–Sep 2025
The DLD project register
FinishedFinished on the DLD register
100% built at DLD’s inspection on 13 Jul 2021.
- DLD project number
- 1909
- Status
- Finished
- Completion date
- 1 Mar 2021
- Start date
- 16 Apr 2016
- Registered
- 22 Jun 2017
- Developer
- T F G Real Estate L.L.C · DLD developer 29
- Escrow account bank
- Abu Dhabi Islamic Bank
- Units
- 711
- Buildings
- 1: Sky Bay Hotel
Inspection history: 14 inspections on the register
| Inspection date | Built |
|---|---|
| 13 Jul 2021 | 100% |
| 22 Mar 2021 | 97.25% |
| 29 Nov 2020 | 97.05% |
| 18 Mar 2020 | 94.83% |
| 27 Nov 2019 | 91.1% |
| 28 Oct 2019 | 90.04% |
| 18 Jun 2019 | 88.16% |
| 9 Apr 2019 | 83.08% |
| 4 Feb 2019 | 77.01% |
| 15 Jan 2019 | 73.69% |
| 4 Oct 2018 | 70.94% |
| 20 Jun 2018 | 66.07% |
| 11 Feb 2018 | 51.18% |
| 28 Nov 2017 | 44.03% |
Source: Dubai Land Department project register, read 13 Oct 2026. The register’s own figures, shown as it lists them.
Developer’s reply: none yet. The First Group can send a reply about these figures; replies are checked before they’re published and never change a number. How developers reply
Statement ID S-1909-H1 · DLD register read 13 Oct 2026
Latest registered sales
All recent sales| Date | Type | Sq ft | Price | AED /sq ft | vs area |
|---|---|---|---|---|---|
| 28 Sep 2026 | Hotel Rooms · Studio Ready | 101 | AED 455k | — | — |
| 23 Sep 2026 | Hotel Rooms · Studio Ready | 217 | AED 406k | — | — |
| 8 Sep 2026 | Hotel Rooms · Studio Ready | 104 | AED 406k | — | — |
| 8 Sep 2026 | Hotel Rooms · Studio Ready | 99 | AED 400k | — | — |
| 12 Aug 2026 | Hotel Rooms · Studio Ready | 123 | AED 405k | — | — |
| 11 Aug 2026 | Hotel Rooms · Studio Ready | 87 | AED 369k | — | — |
| 29 Jul 2026 | Hotel Rooms · 1 BR Ready | 237 | AED 405k | — | — |
| 17 Jul 2026 | Hotel Rooms · Studio Ready | 87 | AED 370k | — | — |
| 15 Jul 2026 | Hotel Rooms · Studio Ready | 101 | AED 492k | — | — |
| 8 Jul 2026 | Hotel Rooms · Studio Ready | 94 | AED 400k | — | — |
Every type of sale, newest first; DLD publishes no time of day. Price per sq ft for homes only. “vs area”: against the median for that size in Business Bay, Oct 2025–Sep 2026.
The First Group’s newest ads
None of The First Group’s 19 running ads names Sky Bay Hotel; these are the newest, from Meta’s Ad Library on 26 Oct 2026. Prices and claims in ads are the developer’s, not checked against DLD records.
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Business Bay market insights
Registered with DLD under the district Business Bay, 2019 to 5 Oct 2026.
AED 2,058Sep 2026−1%on Oct 2023
Each point is the median price per square foot of the month’s registered home sales (flats and villas). A month with fewer than 10 home sales is left as a gap. Registered prices, not asking prices.
Most sold size
1 bedroom
Share of the home sales over Oct 2025–Sep 2026 that recorded a bedroom count
Sales a year
13,134 sales2025+480%on 2019
Full years only, registered sales of every type. 4,953 sales in 2026 to 5 Oct.
Off-plan share
57% of the 8,128 sales over Oct 2025–Sep 2026 were registered as off-plan, DLD’s own registration type.
The full record
every figure behind the summarySales by year and by month
| Year | Sales | Off-plan | Ready | Value | Median home price | Median AED /sq ft |
|---|---|---|---|---|---|---|
| 2019 | 40 | 40 | 0 | AED 57.0m | — | — |
| 2020 | 62 | 62 | 0 | AED 89.6m | — | — |
| 2021 | 68 | 68 | 0 | AED 88.6m | — | — |
| 2022 | 60 | 28 | 32 | AED 68.9m | — | — |
| 2023 | 82 | 1 | 81 | AED 49.8m | — | — |
| 2024 | 72 | 0 | 72 | AED 35.2m | — | — |
| 2025 | 73 | 0 | 73 | AED 39.8m | — | — |
| 2026 to 5 Oct | 55 | 0 | 55 | AED 25.7m | — | — |
Sales and value: registered sales of every property type since Jan 2019. Off-plan: DLD’s registration type; Ready: every other sale. Medians: home sales only, shown with 5 or more.
512sales registered, Jan 2019 to Sep 2026
Every registered sale, all property types.
Other projects in Business Bay
8,128 sales were registered in Business Bay over Oct 2025–Sep 2026, with homes at a median AED 2,082 per sq ft over Jul–Sep 2026.
| Project | Developer | DLD register | Sales, Oct 2025–Sep 2026 | Median home price |
|---|---|---|---|---|
| Binghatti Aquarise | Binghatti | Due Oct 2026 | 602 | AED 2.0m |
| Binghatti Skyrise | Binghatti | Due Dec 2026 | 434 | AED 1.5m |
| Downtown Residences | Deyaar | Due Dec 2030 | 364 | AED 2.6m |
| Hq by Rove | Irth | Due Mar 2029 | 328 | — |
| Binghatti Skyhall | Binghatti | Due Aug 2026 | 232 | AED 1.4m |
| Al Habtoor Tower | Al Habtoor | Due Dec 2026 | 216 | AED 3.4m |
| Peninsula Four | Select Group | Finished | 212 | AED 2.0m |
| One by Binghatti | Binghatti | Due May 2026 | 212 | AED 3.1m |
| Tiger Sky Tower | Tiger | No completion date | 174 | AED 3.1m |
| Peninsula Three | Select Group | Finished | 170 | AED 1.7m |
| Avarra by Palace | Emaar | Due Jun 2031 | 155 | AED 3.2m |
| DAMAC Towers by Paramount | DAMAC | Finished | 151 | AED 1.7m |
Median home price over Oct 2025–Sep 2026, shown with 5 or more home sales.
Other projects by The First Group
| Project | Area | Completion date | Built | Sales, Oct 2025–Sep 2026 |
|---|---|---|---|---|
| The First Collection at Dubai Studio City | Dubai Studio City | Jan 2028 | 21% | 223 |
| Ciel | Dubai Marina | Finished | — | 167 |
| The First Collection at Dubai Sports City | Dubai Sports City | Nov 2027 | 65.7% | 105 |
| The One at Jumeirah Village Triangle | Jumeirah Village Triangle | Finished | — | 47 |
| Sky Central | Barsha Heights | Finished | — | 37 |
| The Matrix | Dubai Sports City | Finished | — | 31 |
| The One | Jumeirah Village Circle | Finished | — | 28 |
| The One Hotel | Business Bay | Finished | — | 28 |
| The Bridge | Dubai Sports City | Finished | — | 28 |
| Tfg One Hotel | Dubai Marina | Finished | — | 24 |
| Avalon Tower | Jumeirah Village Circle | Finished | — | 22 |
| The Spirit | Dubai Sports City | Finished | — | 21 |
More from The First Group
Every The First Group projectDubai, general view
The First Collection at Dubai Studio City
Dubai Studio City · The First Group
Due Jan 2028DLD register
Fewer than 5 home sales, Oct 2025–Sep 2026—
Dubai Marina · area photo
Ciel
Dubai Marina · The First Group
Finished
Finished on the DLD register
Fewer than 5 home sales, Oct 2025–Sep 2026—
Dubai, general view
The First Collection at Dubai Sports City
Dubai Sports City · The First Group
Due Nov 2027DLD register
Fewer than 5 home sales, Oct 2025–Sep 2026—
Dubai, general view
The One at Jumeirah Village Triangle
Jumeirah Village Triangle · The First Group
Finished
Finished on the DLD register
Fewer than 5 home sales, Oct 2025–Sep 2026—
Dubai, general view
Sky Central
Barsha Heights · The First Group
Finished
Finished on the DLD register
Fewer than 5 home sales, Oct 2025–Sep 2026—
Dubai, general view
The Matrix
Dubai Sports City · The First Group
Finished
Finished on the DLD register
Median home price, Oct 2025–Sep 2026AED 676k
Photos: Sheikh Zayed Road from above by monicker (Wikimedia Commons, CC BY-SA 3.0); Dubai Marina by Norlando Pobre (Wikimedia Commons, CC BY 2.0); Towers under construction, Dubai by Leandro Neumann Ciuffo (Wikimedia Commons, CC BY 2.0); Towers in Business Bay by giggel (Wikimedia Commons, CC BY 3.0). Resized and cropped.
More projects in Business Bay
Everything in Business BayBusiness Bay · area photo
Binghatti Aquarise
Business Bay · Binghatti
Due Oct 2026DLD register
Median home price, Oct 2025–Sep 2026AED 2.0m
Business Bay · area photo
Binghatti Skyrise
Business Bay · Binghatti
Due Dec 2026DLD register
Median home price, Oct 2025–Sep 2026AED 1.5m
Business Bay · area photo
Downtown Residences
Business Bay · Deyaar
Due Dec 2030DLD register
Median home price, Oct 2025–Sep 2026AED 2.6m
Business Bay · area photo
Business Bay · area photo
Binghatti Skyhall
Business Bay · Binghatti
Due Aug 2026DLD register
Median home price, Oct 2025–Sep 2026AED 1.4m
Business Bay · area photo
Al Habtoor Tower
Business Bay · Al Habtoor
Due Dec 2026DLD register
Median home price, Oct 2025–Sep 2026AED 3.4m
Photo: Business Bay and the Dubai Water Canal by Sergei Gussev (Wikimedia Commons, CC BY 2.0). Resized and cropped.
Before you buy a home in Sky Bay Hotel
About Sky Bay Hotel
Sky Bay Hotel is a The First Group project in Business Bay, Dubai, registered with the Dubai Land Department as project 1909 by T F G Real Estate L.L.C. The register lists it as finished.
512 sales have been registered since Jan 2019, the first on 24 Jan 2019, 74 of them over Oct 2025–Sep 2026. These are prices buyers paid, recorded at registration, not asking prices.
By sales since Jan 2019 it is 37th of the 140 projects with a registered sale in Business Bay, and 3rd of The First Group’s 20.
Questions about Sky Bay Hotel
Is Sky Bay Hotel finished?
Yes. The DLD register lists Sky Bay Hotel as finished.
How many sales has Sky Bay Hotel had?
512 sales registered with the Dubai Land Department since Jan 2019, 74 of them over Oct 2025–Sep 2026.
Who is the developer of Sky Bay Hotel?
The DLD register lists T F G Real Estate L.L.C, DLD developer number 29, which we group under The First Group.
Where is Sky Bay Hotel?
In Business Bay, Dubai. The Dubai Land Department registers its sales under the district Business Bay. Homes there registered at a median AED 2,082 per sq ft over Jul–Sep 2026.
Which escrow account does DLD list for Sky Bay Hotel?
The DLD project register lists an escrow account with Abu Dhabi Islamic Bank for Sky Bay Hotel.
Cite this page
Sky Bay Hotel, Business Bay. Real Estate IQ, from DLD registered sales to 5 Oct 2026 and the DLD project register read 13 Oct 2026. dubairealestateiq.com/project/sky-bay-hotel
Sources: Dubai Land Department open data, registered sales to 5 Oct 2026, via Dubai Real Estate Data (CC BY 4.0), processed by Real Estate IQ; DLD project register, read 13 Oct 2026. Registered prices, not asking prices or valuations. How the figures are worked out.
Read next
GuideHow to check a Dubai off-plan project’s completion date
GuideAsking price or registered price: how to check a quote
TrackerActive projects on the DLD register, with their completion datesPhotos: Towers under construction, Dubai by Leandro Neumann Ciuffo (Wikimedia Commons, CC BY 2.0); Dubai Marina at night by Gfilip (Wikimedia Commons, CC BY-SA 4.0); Dubai skyline at dusk by imran shahabuddin (Wikimedia Commons, CC BY 2.0). Resized and cropped.